CarMax (NYSE:KMX) Hits New 12-Month High at $88.22

CarMax, Inc. (NYSE:KMX)’s stock price reached a new 52-week high on Thursday . The company traded as high as $88.22 and last traded at $87.37, with a volume of 67171 shares changing hands. The stock had previously closed at $86.98.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Evercore ISI boosted their price objective on shares of CarMax from $78.00 to $85.00 and gave the company an “in-line” rating in a research note on Tuesday. Bank of America lifted their price objective on CarMax from $44.00 to $50.00 and gave the company an “underperform” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. cut their target price on CarMax from $70.00 to $60.00 and set an “underweight” rating for the company in a research note on Wednesday, November 29th. Wedbush restated an “outperform” rating and issued a $90.00 price target on shares of CarMax in a research note on Friday, February 16th. Finally, Truist Financial increased their price objective on CarMax from $72.00 to $75.00 and gave the stock a “hold” rating in a research report on Friday, December 22nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $80.42.

CarMax Stock Up 0.1 %

The firm’s 50 day moving average is $76.16 and its 200-day moving average is $72.08. The company has a quick ratio of 0.71, a current ratio of 2.45 and a debt-to-equity ratio of 3.01. The firm has a market cap of $13.75 billion, a PE ratio of 27.81, a P/E/G ratio of 1.30 and a beta of 1.61.

Insider Transactions at CarMax

In related news, EVP Diane L. Cafritz sold 22,000 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the completion of the transaction, the executive vice president now owns 5,073 shares of the company’s stock, valued at $355,515.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Diane L. Cafritz sold 2,730 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $70.54, for a total value of $192,574.20. Following the transaction, the executive vice president now owns 5,073 shares in the company, valued at $357,849.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Diane L. Cafritz sold 22,000 shares of CarMax stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $70.08, for a total value of $1,541,760.00. Following the completion of the transaction, the executive vice president now owns 5,073 shares of the company’s stock, valued at $355,515.84. The disclosure for this sale can be found here. Insiders have sold a total of 38,929 shares of company stock worth $2,740,901 in the last three months. Company insiders own 1.66% of the company’s stock.

Institutional Trading of CarMax

Several institutional investors have recently added to or reduced their stakes in KMX. VitalStone Financial LLC bought a new position in CarMax in the first quarter worth about $33,000. Allworth Financial LP grew its position in shares of CarMax by 153.3% during the fourth quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $26,000 after acquiring an additional 207 shares during the last quarter. CENTRAL TRUST Co lifted its position in CarMax by 100.0% in the 3rd quarter. CENTRAL TRUST Co now owns 400 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in CarMax by 1,081.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock valued at $34,000 after purchasing an additional 400 shares during the period. Finally, Ronald Blue Trust Inc. increased its stake in shares of CarMax by 194.0% in the third quarter. Ronald Blue Trust Inc. now owns 438 shares of the company’s stock valued at $31,000 after purchasing an additional 289 shares during the period.

CarMax Company Profile

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.